Check out some available loans that are similar to this one!
Pedro
Pedro is 75 years old, married, and lives with his wife who is highest priority. He will use his loan to buy compost, herbicides, and pay for labor to maintain and improve his sugar cane field. Pedro has plenty of experience in managing this crop. Based on his knowledge, he provides the necessary attention so that he can obtain the best production results. He wants to take advantage of his sugar cane crop so that he can provide for the welfare of himself and his wife. Pedro would like to secure his financial future because he currently has difficulty generating income. He is very confident that increasing his sugar cane production will stabilize his financial situation.


This is the first loan he has received from FUDECOSUR. Pedro has not had any other loans from the state banks. FUDECOSUR is offering this loan with better terms and a lower interest rate.

View original language description ↓
Pedro, tiene la edad de 75 años, está casado, vive con su esposa que es su mayor prioridad. El con el crédito va compra los abonos, herbicidas y pago de mano de obra de la asistencia y mejoras a su Cañal. El cuenta con mucha experiencia en el manejo de este cultivo y según su conocimiento piensa que es necesario asistirlo para así obtener de él un mejor rendimiento de producción. El quiere sacarle provecho a su siembra de caña y obtener ingresos económicos para su bienestar y el de su esposa. El quiere asegurar su futuro económico pues actualmente son tiempos difíciles para generar dinero. El con esta mejora está muy segura que su Cañal aumentara la producción y sus ingresos económico estabilizando si economía. Es el primer préstamo que recibido de FUDECOSUR. El no había tenido antes otros préstamos en bancos estatales, pero FUDECOSUR le ha brindado el préstamo con mayores facilidades y la tasa de intereses mucho más baja.

Additional Information

More information about this loan

FUDECOSUR works in one of the poorest regions of Costa Rica, where microfinance institutions (MFIs) are scarce or have a hard time keeping up with demand for small loans. By providing mostly agricultural loans, FUDECOSUR reaches rural borrowers that many MFIs consider to be too risky. However, this has also made it more difficult for the organization to find stable sources of capital to lend. Kiva's flexible, risk-tolerant capital plays a critical role in helping FUDECOSUR grow its portfolio and support even more borrowers.

About FUDECOSUR:

The Foundation for the Development of Southern Communities (FUDECOSUR) is dedicated to economically empowering its clients by providing credit and training programs that help improve living conditions for micro-entrepreneurs and their children across Southern Costa Rica. You can learn more about this Field Partner at fudecosur.org.

About Costa Rica

  • $11,100
    Average annual income
  • 7
    View loans »
    Costa Rica Loans Fundraising
  • $3,978,825
    Funds lent in using Kiva
  • 497.8
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Pedro to buy compost, herbicides, and pay for labor.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 22, 2012
Listed
Apr 29, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 18, 2013